Started expansion of existing Nashik Manufacturing Facilities

Rishabh Instruments has initiated the expansion of its existing manufacturing facilities in Nashik, Maharashtra. This strategic move underscores the company's dedication to scaling its operations, enhancing production capabilities, and meeting the growing demands of its customers. The expansion aligns with Rishabh Instruments' vision of innovation and quality, further solidifying its position as a leading player in the electrical and electronics manufacturing sector. This initiative also reinforces the company’s contribution to local economic growth and India's industrial development.

Statement of the Management Boards of LUMEL S.A. in Zielona Góra and MICROSYS, spol. s r.o. in Ostrava regarding the acquisition by LUMEL S.A. of 100% of shares in MICROSYS, spol. s r.o.

On August 6, 2024, LUMEL S.A. acquired 100% of shares in MICROSYS, spol. s r.o., whose main business activity is the development and sale of PROMOTIC software together with services. The system PROMOTIC represents modern SCADA software. It is used to build automation systems. It makes possible visualization, reporting and archiving of processes. Prepared reports can be published on the website, allowing access to information via the Internet. With regard to the extensive experience of both companies in the segment of dedicated industrial automation systems and strategic development plans, the Management Board of LUMEL S.A. considers the acquisition of 100% of shares of MICROSYS, spol. s r.o. as a step that will allow for the best use of new opportunities and the potential for development and market expansion of both companies. The well-known and recognized on the European market, the LUMEL brand which is a part of the Rishabh Capital Group, will take care of the organization and sale of software in the form of dedicated applications, thus providing the highest class solution (products + software) to current customers and ensuring product development to the potential users around the world. Work on software development will be carried out at the plant in Ostrava, Czech Republic, in cooperation with the development department of LUMEL S.A. MICROSYS, spol. s r.o. will focus its activities on software development and, together with LUMEL S.A., will conduct activities in the field of sales and service and, in the future, building the LUMEL brand on the Czech market.

Rishabh Instruments Limited Makes Its Debut on BSE and NSE

1) Listed on BSE and NSE on September 11, 2023 2) Lumel S.A., a subsidiary of Rishabh Instruments, received an INR 128.21 Million subsidy under the European Funds for a Modern Economy Programme for an energy industry project 3) Received approval for financial incentives under the Maharashtra Electronics Policy, 2016 and Package Scheme of Incentive Policy, 2019

Received M-SIPs approval from the Government of India

Rishabh Instruments has received M-SIPs (Modified Special Incentive Package Scheme) approval from the Government of India. This prestigious approval highlights Rishabh Instruments' commitment to strengthening India's manufacturing ecosystem, particularly in the electronics sector. By receiving this recognition, the company is poised to benefit from government incentives, including capital subsidies and tax benefits, enabling it to further expand its capabilities and contribute to the nation's "Make in India" vision.

Acquired a product division from Relpol S.A., through Lumel SA

Rishabh Instruments acquired a product division from Relpol S.A. through Lumel SA and established an electronics manufacturing plant. This acquisition expanded Rishabh's product portfolio and enhanced its manufacturing capabilities in the electronics sector.

Acquired Shanghai Yihua V&A Instrumentation

Rishabh Instruments acquired Shanghai Yihua V&A Instrumentation and built a new state-of-the-art electronics manufacturing facility in collaboration with Lumel SA. This expansion enhances Rishabh's capabilities in producing advanced instrumentation solutions and strengthens its global manufacturing footprint.

Signed a brand label frame agreement with a leading industrial manufacturing Company

Rishabh Instruments has entered into a brand label frame agreement with a leading industrial manufacturing company. This collaboration reflects Rishabh's reputation for delivering high-quality, reliable products tailored to industrial needs. The agreement enables Rishabh to provide customized solutions under the partner’s brand, broadening its market presence and fostering long-term growth. This partnership is a significant step in aligning with global industrial standards and creating value for customers through innovative and trusted offerings.

Completed migration from SAP ERP to SAP S/4HANA system

Rishabh Instruments has successfully completed the migration from SAP ERP to the SAP S/4HANA system. This transition enhances the company's digital infrastructure, enabling faster data processing, improved decision-making, and streamlined operations. With SAP S/4HANA, Rishabh Instruments is better equipped to support growth, drive innovation, and optimize its business processes for greater efficiency and agility.

​Inked an intellectual property agreement with an Italian Company. Formerly acquired Lumel SA demerged into new Lumel SA and Lumel Alucast entities

Rishabh Instruments has inked an intellectual property agreement with an Italian company, marking a significant milestone in its pursuit of innovation and technological growth. This agreement underscores Rishabh's commitment to leveraging global expertise to enhance its product offerings and strengthen its intellectual property portfolio. In addition, Rishabh Instruments has successfully restructured its formerly acquired Lumel SA into two distinct entities: Lumel SA, focusing on measurement and automation solutions, and Lumel Alucast, specializing in high-quality aluminum casting. This strategic demerger allows both entities to focus on their core strengths, ensuring enhanced operational efficiency and market responsiveness while continuing to contribute to Rishabh's growth story.

Acquired the Sifam meter product line from a UK Company in 2014

In 2014, Rishabh Instruments acquired the Sifam meter product line from a UK company. That same year, the US subsidiary, Sifam USA, was incorporated to expand the reach of Sifam’s products in the North American market. This acquisition bolstered Rishabh's portfolio, strengthening its position in the global metering solutions sector.

Acquired Polish Company Lumel SA in 2012, supplying die-castings to the automotive industry

In 2012, Rishabh Instruments acquired the Polish company Lumel SA, which specializes in supplying die-castings to the automotive industry as well as electrical and electronic products. This acquisition expanded Rishabh's product offerings and strengthened its presence in the global manufacturing market.

Secured supplier deal with US Company for APM and digital panel meter supply

Rishabh secured a supplier deal with a US company for the supply of APM (Ammeter, Power Meter) and digital panel meters.

Entered an agreement with a UK Company to produce audio/ video recording equipment

Rishabh Instruments has entered into an agreement with a UK-based company to produce advanced audio/video recording equipment. This strategic collaboration marks a significant milestone in Rishabh’s expansion into the audio-visual industry. By combining Rishabh's expertise in manufacturing with the UK company’s technological know-how, this partnership is set to deliver innovative, high-quality solutions for the global market. The agreement reflects Rishabh's commitment to diversifying its product offerings and enhancing its presence in new and emerging sectors.

Inked a game- changing technology transfer agreement with a German-based Company

Secured Technical Assistance Agreement with Gossen-Metrawatt GmbH

Rishabh Instruments has secured technical assistance through an agreement with Germany’s Gossen-Metrawatt GmbH. This strategic partnership is set to enhance Rishabh's technological capabilities by leveraging Gossen-Metrawatt's expertise in electrical measurement and testing solutions. The collaboration aims to drive innovation, improve product quality, and strengthen Rishabh's position in the global market. By integrating advanced German technology, Rishabh Instruments reaffirms its commitment to delivering cutting-edge solutions and fostering excellence in the electrical and electronics industry.

Signed a domestic distributorship deal with L&T Electrical and Automation

Rishabh Instruments has signed a domestic distributorship deal with L&T Electrical and Automation. This partnership marks a significant step in strengthening Rishabh's distribution network across India, leveraging L&T Electrical and Automation's extensive market reach and expertise. The collaboration aims to enhance the availability of Rishabh's high-quality electrical and automation products, catering to a wider customer base while reinforcing its presence in the domestic market. This alliance is a testament to Rishabh Instruments' commitment to delivering excellence and driving growth through strategic partnerships.

Entered an agreement with a German Company

Rishabh Instruments has entered into an agreement with a German company, marking a strategic collaboration to enhance its product offerings and expand its global reach. This partnership aims to leverage both companies' strengths to drive innovation, improve manufacturing capabilities, and deliver high-quality solutions to customers worldwide.

Incorporation of Rishabh Instruments

Rishabh Instruments was founded in 1982 by Narendra Joharimal Goliya who is our Promoter, as well as our Chairman and Managing Director. He holds a bachelor’s degree in technology (electrical engineering) from the Indian Institute of Technology, Bombay and a master’s degree in science from the Leland Stanford Junior University. He has over four decades of experience in the manufacturing and electrical industry. Anchored by our 40-year presence in India, we strategically expanded our operations to overseas markets and have acquired and/or established seven foreign Subsidiaries – three in Poland, one in the United Kingdom, one in the United States of America, one in China and one in Cyprus.